The British Overseas Territory of Gibraltar is a popular destination for tourists from all over Europe and the world. Situated on the south coast of Spain it has become commonplace to visit to get the Spanish weather but a British influence and feel.
There are a lot of questions surrounding purchasing goods in this territory and if it is cheaper to buy luxury watches and other timepieces in Gibraltar.
The whole process of traveling with watches or for watches can be a complex business if you are not prepared. In this quick guide, we will look at some of the popular questions surrounding this topic and the factors you should weigh up when buying in Gibraltar.
Is it Cheaper to Buy a Watch in Gibraltar?
On paper, it may seem like a good decision to buy a watch when you visit Gibraltar, but often people overlook a lot of additional factors.
When considering if you are going to buy a watch in Gibraltar here are some things you may want to think about.
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- Weigh It Up
Consider the factors that make the watch cheaper or more expensive, sometimes you may feel you are getting a good price but actually end up paying a surplus (more on this in the next section).
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Knowing what kind of watch you are looking for and conducting some research into how much it is in your home country will give you a good idea of its base price.
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- BEST PROTECTION - This travel watch case has a 'donut' shape & hard shell made by 6mm Ballistic 1680 Denier Nylon, which enables it to be crush & spill-proof and portable. The high-quality YKK zipper keeps it securely closed.
- SOFT TOUCH FOR WATCH - The interior of this single watch box lined by 230g high quality black velvet protects the wristwatch from any scratches. An included soft microfiber cloth can be used to clean & wrap the watch.
- FIT SZIED 35-50MM WATCHES - With two removable foam inserts - one 20mm thickness & one 5mm thinness, Cheopz watch case can hold any small or large wristwatches or smart watches of men or women, up to 50mm, like Rolex, Omega, even jewelry.
- A NECESSARY WATCH ACCESSORY - With a carabiner, this single watch pouch is easily carrying in a suitcase, gym bag or backpack. The pocket compact design makes it one of the best accessories for traveling, biking, even safe at home.
- GIFT IDEA & 100% SATISFACTION GUARANTEED - This storage watch box with multi-functions turns to be a great gift idea for groomsmen, Father's Day, birthday, retirement, etc. Cheopz travel watch case has one-year warranty.
- Know Your Watches
Being savvy and understanding the watch industry and what to look out for is important. Find out which watches you are interested in and see if you can find some reputable sellers locally.
- Being Candid Flying Home
As with any international trips, you will need to declare any items you purchased while overseas. Although the rules differ from country to country, the best choice is to be upfront when arriving home and tell the customs officers you have purchased a watch.
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- The watch travel case is a good helper for your travel and business trip.It adopts 1680 denier nylon shell, which is sturdy and durable, can withstand drops and bumps, and ensure the internal safety of the watch.The inner lining is soft velvet material, it feels very soft and comfortable, and protects your watch dial from friction
- THE PRODUCT SIZE:3.93"L x 3.93"W x 2.3"H (10x10x5.8cm)It can accommodate watches within 52mm of the watch dial diameter. Available for men's or women's watches, smart watches, fitness trackers or luxury watches
- The case is shaped with a concave in the middle which provides a nice snug fit for your watch.Contains 2 pieces of 8mm sponge, which can effectively prevent the watch from shaking in the watch box and effectively protect the watch from friction
- The watch travel case is the perfect gift for father, boyfriend, husband, son, colleague, friend or any other special person in your life
- Besforu is committed to your satisfaction. If this watch travel case does not meet your expectations, please don’t hesitate to contact us. We’ll work with you to resolve the issue promptly.
Factors That Affect Watch Prices in Gibraltar
Buying watches internationally can be incredibly fruitful and you can get a great deal. This is not always the case and buyers often overlook important factors that ultimately affect their watch price.
Gibraltar is often linked to Spain due to its close proximity to the popular tourist destination, but it is more aligned with the UK in terms of prices, politics, and overall cost of living
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This can be a huge factor in how much goods are both at home and overseas. Gibraltar is closely linked to the UK and its economy, despite having its own currency ‘Gibraltar Pound’ it is directly affected by the UK.
The small size of the territory makes everything more expensive from housing to food, to watches and they are much more impacted by fluctuations in the global economy. The cost of living is significantly higher than in neighboring Spain.
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- The watch case is divided into 2 watch slots, which can accommodate watches of various sizes. Each slot has a detachable pad, which can fix large and small watches in appropriate positions.
- The watch case is an ideal choice for storing your valuable watch when you travel.
- It is made of high quality PU leather and lined with popular suede interior. It feels very soft and comfortable and protects your dial from friction.
- The travel watch roll is easy to travel, portable, unique design to prevent watch and bracelet from sliding left and right.
- Great Gift- AN IDEAL GIFT for yourself or Valentine's Day, Father’s Day, Anniversary, Birthday or Christmas, this Luxury Watch Box makes the perfect gift for any watch-lover in need of a comforting dose of excellent quality.
Exchange Rate
As we alluded to in the previous point, and when buying internationally, you will be subject to exchange rates. This is an often-overlooked cost that people do not factor in when buying abroad.
Let us say you use the ‘Bureau du Exchange’ to buy the local Gibraltar Pound, you will incur a charge for converting your home currency. If you use your card overseas, you are likely to get additional charges or even a blocked purchase.
Customs
Each country will have its own limits, regulations, and rules when it comes to importing goods from other countries, even if it is for personal use, i.e. a watch for yourself.
The best rule is to be honest and tell the customs officers that you have purchased a watch while overseas in Gibraltar, as failing to declare goods bought could lead to fines and even jail time.
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- Hard timepiece organizer case for watch storage, holding up to 3 large and small faced watched; We understand the importance of protecting your valuable watches. Our watch storage case is built to last, featuring a hardshell exterior,lined with durable nylon fabric. This ensures exceptional resistance against scratches, impacts, and other potential damages, providing optimal protection for your timepieces.
- Custom sponge watch pillow providing extra protection for watches, keep watch well in place; Inside the watch case, you'll find the soft and form-fitting watch pillows that accommodates watches of various sizes. The compressible feature allows the pillow to conform to the shape of your watches, ensuring a snug and secure fit. This not only prevents the watches from moving around during transport but also keeps them protected from scratches and other potential damages.
- Lightweight and compact case for both home usage or traveling. Planning a holiday? AUKURA watch travel case is the perfect travel companion for your watches. Its compact and slim design allows for easy packing and hassle-free transportation. Whether you're jetting off to a tropical paradise or exploring new cities, this case ensures that your watches are safely stored during your travels.
- With handle on side, convenient to carry along; For added convenience, our watch carrier case features a durable handle that allows for comfortable and easy transportation. The sturdy handle ensures a firm grip, making it effortless to carry your watches wherever you go. Whether you're traveling or simply organizing your watch collection at home, the handle provides the convenience you need.
- Stylish design case makes it a great gift idea for watch lovers, husband, father, boyfriend. Our watch carry case features a sleek and contemporary design. The slim contour adds a touch of elegance, making it an ideal companion for any occasion. Whether you're attending a business meeting or embarking on a casual outing, this watch holder complements your style with its refined aesthetics.
Flight Cost
Typically speaking, flying into Gibraltar is fairly expensive as it is a small local airport. Compared to the price of visiting southern Spain and then driving down to Gibraltar, it is far more expensive.
There is obviously a whole load of variables that can affect this from time of year, single/return flights, and original departure destination, but it is something to look out for.
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There is no sales tax or VAT (value-added tax) in Gibraltar so this can be a big difference from your local watch seller, but this does not always equate to a cheaper overall watch.
To put this into context, compared to the UK, for instance, you would save 20% without the VAT in Gibraltar.
However, part of that difference could be made up by the seller, i.e. they might charge 10-15% more, so they get more profit and do not pass the savings onto you. Still, you would have a watch for hypothetically 5-10% cheaper in this example.
Best Value
- The watch case is divided into 3 watch slots, which can accommodate watches of various sizes. Each slot has a detachable pad, which can fix large and small watches in appropriate positions.
- The watch case is an ideal choice for storing your valuable watch when you travel.
- It is made of high quality PU leather and lined with popular suede interior. It feels very soft and comfortable and protects your dial from friction.
- The travel watch roll is easy to travel, portable, unique design to prevent watch and bracelet from sliding left and right.
- Approximate Dimensions : 8.9"(L)*2.8"(W)*4"(H).The circumference of the pillow is 8 inches.
Local Pay
Gibraltar is a popular destination for UK citizens due to several reasons, but one of the most compelling reasons is the ‘take home’ pay which is much higher than in Spain or the UK for instance.
Therefore, as people have more money, things are more expensive, and it is renowned as a fairly expensive area, with a lot of residents preferring to live across the border in Spain.Reliance on Imports
Unsurprisingly, for a tiny overseas territory which is around 3 square miles, there is a heavy reliance on imports, which in turn makes the goods incur import duty and more expensive for the consumers.
This is true for everything, so your watches will unfortunately also be subject to this same situation and increase in price.
Buying a Watch In Gibraltar Summary
As you can see, there is a lot to consider when buying your watch abroad and the industry is often plagued by misinformation from the cost of buying watches in Switzerland to the rise of fake watches.
The bottom line is to always do your research. Gibraltar may be cheaper for certain things, but as a rule, is a fairly expensive place to shop due to a number of factors.
With this being said, the answer is not black and white and each case and trip is different, so keep your eyes peeled and your ears open.
Understanding the extraneous variables and additional costs that come with buying internationally will help you be able to determine whether or not your watch purchase is going to be cheaper or not.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
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